Saudi Arabia
Marselino Ferdinan struck twice against the Herve Renard-coached Saudis to secure his country's first win in the third phase of the continent's qualifiers, boosting their hopes of an appearance at the finals in North America.
The meeting of the two ministers came on the sidelines of the activities of the 4th Ministerial Conference on Antimicrobial Resistance (AMR), hosted by the Kingdom of Saudi Arabia, said the Egyptian Health Ministry in a statement on Saturday.
Egypt’s exports to Saudi Arabia reached $2.4 billion in the first nine months of 2024, up from $1.9 billion in the same period of 2023, showing a growth of 26.3%.
Talaat Moustafa Group (TMG) has reported record sales, reaching EGP 470bn (equivalent to $9.4bn) as of November 6th. This represents a significant increase of over four times compared to the EGP 108bn recorded during the same period last year.
Egypt is a leading country and one of the largest and most influential economies in North Africa and the Arab League, Russian Foreign Minister Sergey Lavrov told BRICS TV network.
The value of Egyptian exports to the Kingdom amounted to about $2.2 billion, reported CAPMAS.
The 56-year-old, who was in charge of the Saudis from 2019 to 2023, takes over from Italian Mancini who left the position on Thursday by mutual agreement after 14 months in the job.
He noted that the project's timeline was reaffirmed during Saudi Crown Prince Mohammed bin Salman’s visit to Cairo this week.
The signing took place on Tuesday and underscores both countries' commitment to enhancing trade and investment cooperation, especially as Egypt seeks to address its ongoing economic challenges.
President El-Sisi highlighted the depth and significance of the strategic relationship between Egypt and Saudi Arabia, especially given the current regional challenges.
Egypt and Saudi Arabia Strengthen Bonds Amidst Regional Changes
The main focus of the visit is bolstering economic ties.
Saudi Arabia coach Roberto Mancini has warned his players not to rest on their previous achievements as he seeks to reinvigorate his team's challenge for an automatic berth at the 2026 World Cup.
The trial was initially scheduled for May but has been moved up by a month to expedite the project, in cooperation with Saudi Arabia.
The two ministers condemned the Israeli aggression on Lebanon, which has resulted in hundreds of casualties. They expressed strong solidarity with Lebanon and its people during this crisis and emphasized the importance of providing all forms of humanitarian support.
In a press conference held on the sidelines of the UNGA79 meetings, Bin Farhan noted that the alliance will be participated by Arab and Muslim counties, in cooperation with European partners.
All necessary studies for the project have been finalized. The signing of the final contracts is anticipated by the close of 2024 to pave the way for project commencement.
Although specific details about the investment areas and deployment timeline remain undisclosed, this move represents a significant advancement in bolstering economic cooperation between the two countries
Prince Mohammed bin Salman highlighted Saudi Arabia’s progress under Vision 2030 and commended the contributions of Egyptian workers to the Kingdom’s development.
He reaffirmed the Egyptian government’s commitment to tackling the remaining 25 percent of issues to enhance the investment climate further.
